Rumble: Stock Momentum Is Not Indicative Of Financial Performance [Seeking Alpha]
Rumble Inc. - Class A (RUM)
Company Research
Source: Seeking Alpha
Rumble stock has surged but the business faces challenges in monetising its services and reducing losses. Despite attracting users with its anti-censorship stance, RUM stock's valuation and financial performance raise concerns for long-term investors. In a short space of time, with a much smaller budget, Rumble Inc. ( NASDAQ: RUM ) claims to have built a mini Google' in its most recent Q4 2023 Earnings call. It has expanded its portfolio focused on censorship-free content to include video, live-streaming, an advertising centre and since Q1 2024 it is offering its independent cloud services to the public on a subscription-based business model. The stock, considered a high-growth stock, has seen some serious momentum lately, increasing by 42.25% since my previous article in January 2024. Most of its popular content creators are focused on politics. Therefore, political events highly influence user activity, of which there will be plenty this US election year. Consequently, this mak
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RUM
News
- American Aires Partners with Video Platform, Rumble, Launches Campaign Featuring Russell Brand Reading Aires Ads [Yahoo! Finance]Yahoo! Finance
- Rumble Announces Timing of First Quarter 2024 Earnings Release and Conference CallGlobeNewswire
- Rumble Inc. (NASDAQ:RUM) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Rumble Inc. (NASDAQ: RUM) had its "market perform" rating re-affirmed by analysts at Oppenheimer Holdings Inc..MarketBeat
- Rumble Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]Yahoo! Finance
RUM
Earnings
- 3/27/24 - Beat
RUM
Sec Filings
- 4/24/24 - Form ARS
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form DEF
- RUM's page on the SEC website